ProFrac Holding Corp
For the period ended Dec 31, 2024. Filed Mar 10, 2025.
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FY2024 · Filed Mar 10, 2025
ACDC$3.53+3.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Cash flows from operating activities: | |||
| Net income (loss) | $(207.8) | $(59.2) | $342.7 |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
| Depreciation, depletion and amortization | 442.2 | 438.4 | 267.3 |
| Amortization of acquired unfavorable contracts | (46.5) | (57.5) | (6.6) |
| Stock-based compensation | 7.3 | 29.8 | 67.4 |
| Loss (gain) on disposal of assets, net | 0.3 | (1.7) | 2.1 |
| Gain on insurance recoveries | (4.9) | — | — |
| Non-cash loss on extinguishment of debt | 0.8 | 17.4 | 10.7 |
| Amortization of debt issuance costs | 14.5 | 24.3 | 6.7 |
| Acquisition earnout adjustment | — | (6.6) | — |
| Unrealized loss (gain) on investments, net | (0.4) | 38.5 | (16.5) |
| Provision for supply commitment charges | 9.6 | — | — |
| Goodwill impairment | 74.5 | — | — |
| Deferred tax expense (benefit) | (10.7) | 0.1 | 3.7 |
| Other non-cash items, net | (0.1) | — | 2.0 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | 55.5 | 204.8 | (203.3) |
| Inventories | 64.7 | 19.1 | (105.1) |
| Prepaid expenses and other assets | (1.9) | 26.5 | (26.4) |
| Accounts payable | (7.6) | (68.2) | 42.9 |
| Accrued expenses | (1.3) | (43.8) | 18.5 |
| Other liabilities | (20.9) | (8.4) | 9.1 |
| Net cash provided by operating activities | 367.3 | 553.5 | 415.2 |
| Cash flows from investing activities: | |||
| Acquisitions, net of cash acquired | (194.4) | (454.5) | (640.7) |
| Investment in property, plant & equipment | (255.0) | (267.0) | (356.2) |
| Proceeds from sale of assets | 72.9 | 6.2 | 48.3 |
| Proceeds from insurance recoveries | 6.2 | — | — |
| Investment in unconsolidated affiliate | — | — | (47.2) |
| Initial investment in Flotek | — | — | (10.0) |
| Other investments | (2.0) | (0.5) | (22.8) |
| Net cash used in investing activities | (372.3) | (715.8) | (1,028.6) |
| Cash flows from financing activities: | |||
| Proceeds from issuance of long-term debt | 136.7 | 1,220.0 | 818.9 |
| Repayments of long-term debt | (157.2) | (946.7) | (531.7) |
| Borrowings from revolving credit agreements | 1,938.2 | 1,575.8 | 567.9 |
| Repayments of revolving credit agreements | (1,918.1) | (1,685.2) | (402.7) |
| Payment of debt issuance costs | (3.6) | (62.3) | (38.6) |
| Tax withholding related to net share settlement of equity awards | (1.5) | (0.8) | — |
| Proceeds from issuance of Series A preferred stock | — | 50.0 | — |
| Payment of Series A preferred stock issuance costs | — | (1.1) | — |
| Member contribution | — | — | 5.0 |
| Proceeds from issuance of common stock | — | — | 329.1 |
| Payment of common stock issuance costs | — | — | (27.4) |
| Payment of THRC related equity | — | — | (72.9) |
| Other | — | — | (1.7) |
| Net cash provided by (used in) financing activities | (5.5) | 149.7 | 645.9 |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | (10.5) | (12.6) | 32.5 |
| Cash, cash equivalents, and restricted cash beginning of period | 25.3 | 37.9 | 5.4 |
| Cash, cash equivalents, and restricted cash end of period | $14.8 | $25.3 | $37.9 |
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Non-cash investing and financing activities | |||
| Capital expenditures included in accounts payable | $32.4 | $44.9 | $26.9 |
| Supplemental cash flow information | |||
| Cash payments for interest | $137.8 | $139.1 | $35.0 |
| Cash payments for income taxes | $3.0 | $0.3 | $4.8 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.